Nifty50 exhibits short-term bullish trend; check out key support and resistance levels The Nifty50 index (last close: 19,517) continues to reflect bullish trend on the short-term charts, with current pullback seen as a healthy correction in the near term. This presents an opportune moment for investors to seek out favorable entry points during market dips.… Continue reading Nifty50 major hurdle at 19,300; Bias for Bank Nifty bearish in near-term
Tag: Nifty50
Trend bullish for Nifty50, Bank Nifty indices; buy near support levels
The Nifty Index, presently trading at 19,646.05, is displaying a bullish trend on charts. Despite the recent weakness, the index has managed to find support near the 20-day Exponential Moving Average (20DEMA) at 19,575. This support level is crucial for traders to monitor, as a close below it could trigger further correction in the near… Continue reading Trend bullish for Nifty50, Bank Nifty indices; buy near support levels